Deutz Ag · XETR:DEZ
Deutz — Deutz Ag Akt — H1 2026 Earnings Presentation
30 slides from Deutz's earnings presentation, Aug 6, 2026
Slide 1: DEUTZ AG H1 2026 results
DEUTZ AG H1 2026 results Cologne | 6 August 2026
Slide 2: Disclaimer
Disclaimer This document (the “Presentation”) is for information purposes only and must not be relied upon for any in which the Group operates. Such research and estimates, and their underlying methodology and purpose. It does not purport to contain all information required to evaluate DEUTZ AG (the
Slide 3: Overview & current development
Overview & current development Dr. Sebastian Schulte
Slide 4: H1 2026: Profitable growth continues in second quarter
H1 2026: Profitable growth continues in second quarter New orders Revenue EBIT margin1 €1.331 million €1.115 million 7.1% +29% yoy +11% yoy +1.6pp yoy Q2: €560 million Q2: €585 million Q2: 7.2% +15% yoy +13% yoy +1.4pp yoy 1 Before exceptional items. Exceptional items include effects from purchase p
Slide 5: Key highlights
Key highlights MAXI TRUST extends Energy's global reach Engines’ profitability rebounds Service pushes for further growth Deal with FFG signed 5
Slide 6: FFG, proven across NATO land programs, with best-in-class margins
FFG, proven across NATO land programs, with best-in-class margins and strongly positioned to capture the opportunity ahead Financial Operations Portfolio Revenue Original equipment solutions ~€760m 9 ~90 % ~50% CAGR 2023- Locations MRO+ 25A Revenue 2025A [Higher platform share] Proprietary vehicle p
Slide 7: Deal structure
Deal value of ~€1.6bn funded through secured debt and a newly issued shares Deal structure Sellers receiving newly issued DEUTZ Share component shares, retaining a 29,9% stake and becoming long-term shareholders1 ~€0.6b DEUTZ AG shares2 ~€1.6 Cash component Sellers receiving cash component, transact
Slide 8: Expected transaction synergies with further upside opportunities
Expected transaction synergies with further upside opportunities Transaction EPS accretive Short-term opportunities from existing Long-term upside from Strategic on pro-forma basis1 FFG order book and early synergies synergies and FFG pipeline Dilution FFG Stand- Near Term DEUTZ & Existing FFG Long-
Slide 9: DEUTZ Engines: Profitability recovery accelerates
DEUTZ Engines: Profitability recovery accelerates • Continued portfolio and footprint strategy execution to further push profitability − Performance program at Porz plant shows first savings, e.g. efficiency improvement on assembly line 5 − Higher cost savings due to quicker relocation of products f
Slide 10: Engines
DEUTZ Engines NEW ORDERS & REVENUE (€ million) HIGHLIGHTS & OUTLOOK New orders Revenue • Demand in Q2 slightly increased yoy, but markets under 2.3% pressure from economic effect of Iran crisis 3.3% • Healthy order backlog at €385.4 million (30 June 2025: 364.5 373.2 296.1 291.3 319.2 328.0 325.2 30
Slide 11: DEUTZ Service: Regional growth initiatives drive record order backlog
DEUTZ Service: Regional growth initiatives drive record order backlog • Expand as authorized service partner for machine manufacturers and service partner beyond the DEUTZ engine (e.g. US, Nordics and in general Daimler Truck off- highway) • Network expansion in the US continues – G&T Truck Repair
Slide 12: Service
DEUTZ Service Strengthening footprint in the global defense tech ecosystem NEW ORDERS & REVENUE (€ million) HIGHLIGHTS & OUTLOOK New orders Revenue • New orders and revenue benefit from regional growth 14.1% initiatives and integration of latest acquisitions, promising 20.2% order intake H1 2026 sho
Slide 13: DEUTZ Energy: Strongest growth contributor within DEUTZ
DEUTZ Energy: Strongest growth contributor within DEUTZ • Acquisition of MAXI TRUST in Brazil (closed 1 June 2026) – expanding regional coverage to Latin America • Further diversification of customers in US (Blue Star Power Systems) progressing well: distributor orders on record high • Seasonal ramp
Slide 14: Energy
DEUTZ Energy NEW ORDERS & REVENUE (€ million) HIGHLIGHTS & OUTLOOK New orders Revenue 62.6% 158.0% • New orders of €55 million in Q2 including €10 million orders 206.7 from MAXI TRUST consolidation; strong order backlog of 68.4 65.7 €220.8 million (30 June 2025: €96.4 million) driven by Frerk 49.7 4
Slide 15: DEUTZ NewTech: Profitability improves as revenue nearly doubles
DEUTZ NewTech: Profitability improves as revenue nearly doubles • DEUTZ strengthens NewTech presence: Urban Mobility Systems B.V. and Futavis GmbH are renamed and now operate under the DEUTZ NewTech brand • Focus on converting pipeline into revenue by scaling projects, production and delivery capabi
Slide 16: NewTech
DEUTZ NewTech Strengthening footprint in the global defense tech ecosystem NEW ORDERS & REVENUE (€ million) HIGHLIGHTS & OUTLOOK New orders Revenue • H1 new orders of €7.1 million reflect a still muted demand 111.1% environment; order backlog at €6.5 million (30 June 2025: -77.3% €11.2 million) 9.7
Slide 17: Defense: Becoming a core pillar of DEUTZ
DEUTZ Defense: Becoming a core pillar of DEUTZ • Continued commitment to the DefTech ecosystem with investments in ARX Robotics and TYTAN Technologies − DEUTZ and ARX Robotics launch first series production of the unmanned ground system GEREON in Ulm − Full power for resilient energy solutions: DEUT
Slide 18: Segment DEUTZ Defense & Other
Segment DEUTZ Strengthening footpr &Defense Other in the&global Other defense tech ecosystem NEW ORDERS & REVENUE (€ million) HIGHLIGHTS & OUTLOOK New orders Revenue • Substantial order growth in Q2 2026 yoy (Q1 2025 84.0% dominated by first time consolidation of HJS); order backlog at 38.5 88.7% €4
Slide 19: H1 2026 Group financials
H1 2026 Group financials Oliver Neu
Slide 20: Q2 2026 shows further margin improvement
Q2 2026 shows further margin improvement Adjusted EBIT1 in € million, margin in % +12.3 (+41%) 45 37.3 42.4 8 7.0% 7.2% 40 7 31.2 30.5 35 27.7 6.3% 5.6% 25.6 30.1 6 6.1% 30 22.4 5.2% 5.8% 19.4 5 25 5.3% 3.8% 4 20 3 15 10 7.2 2 1.7% 5 1 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 20252 2026 Note: Relates to
Slide 21: Group – H1 2026 business figures
DEUTZ Group – H1 2026 business figures New orders Revenue Adjusted EBIT1 in € million in € million in € million (margin in %) +28.7% +10.7% +43.1% 1,331.3 1,115.3 79.7 1,007.1 7.1% 1,034.1 55.7 5.5% H1 2025 H1 2026 H1 2025 H1 2026 H1 2025 H1 2026 • New orders increased organically and due to 1st tim
Slide 22: R&D spending, capital expenditure, and working capital
R&D spending, capital expenditure, and working capital Net R&D spending1 Capital expenditure1,2 Working capital in € million in € million in € million -1.1% +21.0% +69.8% 45.1 44.6 463.4 60.1 4.5% 4.0% 382.9 21.5% 21.7 18.7% 35.4 5.8 H1 2025 H1 2026 H1 2025 H1 2026 31.12.2025 30.06.2026 R&D ratio Th
Slide 23: Cash flow and net debt
Cash flow and net debt Cash flow from Free cash flow1 Net debt2 in € million in € million operating activities in € million +251.1 -28.9 520.5 -44.1 60.8 14.4 91.6 31.9 269.4 78.1 Thereof leases Thereof leases -29.7 H1 2025 H1 2026 H1 2025 H1 2026 31.12.2025 30.06.2026 • Operating cash flow: Signifi
Slide 24: Balance sheet, financing and dividend
Balance sheet, financing and dividend Equity Leverage Dividend per share in € million Net debt1/EBITDA LTM2 in € 2,314 1,912 0.18 0.17 0.17 2.1 0.15 980 995 1.3 1.2 51.3% 43.0% 31.12.2025 30.06.2026 2024 2025 H1 2026 2022 2023 2024 2025 Total assets Equity % Equity ratio • Equity ratio lowered compa
Slide 25: Guidance & outlook
Guidance & outlook Dr. Sebastian Schulte
Slide 26: Guidance 2026 confirmed
Guidance 2026 confirmed • Guidance initially given on Guidance 2026 market visibility as of end of February 2026 €2.3 billion to €2.5 billion thereof (midpoint) Engines €1.330 m, • As of now no substantial direct Revenue Service €635 m, Energy €290 m, impact from various geopolitical NewTech €35 m,
Slide 27: Key highlights
Key highlights MAXI TRUST extends Energy's global reach Engines’ profitability rebounds Service pushes for further growth Deal with FFG signed 27
Slide 28: Shareholders invited to vote on 24 August 2026 to issue new shares
Shareholders invited to vote on 24 August 2026 to issue to new shares 9 July 2026 6 August 2026 24 August 2026 5 November 2026 By end of 2026 or Q1/20271 Signing of 1H 2026 Extraordinary 3Q 2026 Anticipated closing & transaction Results General Meeting Results regulatory approval (virtual) Approval
Slide 29: Thank you.
Thank you. We look forward to your questions.
Slide 30: Financial calendar and contact details
Financial calendar and contact details Financial calendar Extraordinary General Meeting 24 August 2026 2026 Q3 2026 quarterly statement 5 November 2026 Contact Investor Relations Follow us on +49 (0) 221 822-3600 ir@deutz.com